Founded in 1989 by the New Mexico Conference of Churches, the New Mexico Community Loan Fund, better known as simply The Loan Fund, provides loans and assistance to help lift New Mexicans out of poverty. In addition to microloans, small business loans, and nonprofit loans, the loan fund provides training and business consulting to entrepreneurs and organizations throughout the state, focusing on women and minority-owned businesses, entrepreneurs with disabilities, and Native American enterprises. Since its founding in the summer of 2011, the loan fund has made more than 1,100 loans, totaling more than $43 million and has created an estimated 6,100 jobs.
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